Churchill Downs Inc vs SIRIUS XM HOLDINGS INC., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Churchill Downs sells live wagering and casino floor time; Sirius XM sells satellite radio subscriptions. The gap in leverage is the headline: Churchill carries debt at 4.5 times equity, the mark of a casino developer, while Sirius sits at 0.83. Churchill earns far more on its equity, 35.49% against 7.21%, and a fatter 13.2% net margin versus 9.86%. But Sirius throws off cash at a much higher clip, a 14.2% free cash yield against Churchill's 4.74%, and trades below book at 0.82 times. Sirius adds a small 0.35% dividend; Churchill's is 0.49%. Sirius XM is the subscription annuity, Churchill Downs the levered racing-and-gaming operator, two very different cash engines.
Comparison updated 2026-07-11.
| Metric | CHDN | SIRI |
|---|---|---|
| Price | $85.44 | $30.42 |
| Market cap | $6.0B | $10.3B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Mature |
| Implied growth (priced in) | -3.8% | — |
| P/E | — | 12.9 |
| P/B | 5.46 | 0.88 |
| P/S | 2.03 | 1.20 |
| EV/EBITDA | 11.6 | 9.5 |
| Revenue growth | +5.8% | -0.3% |
| Gross margin | — | 52.9% |
| Operating margin | 21.6% | 21.7% |
| Net margin | 13.2% | 9.9% |
| Return on equity | 35.5% | 7.2% |
| Return on assets | 5.2% | 3.1% |
| Return on invested capital | 8.4% | 5.4% |
| FCF yield | 4.9% | 13.2% |
| Dividend yield | 0.5% | 0.3% |
| Debt / equity | 4.50 | 0.83 |
| Current ratio | 0.54 | 0.44 |
| Altman Z (solvency) | 1.17 | 1.32 |
| Piotroski F (quality) | 6 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.